Resonant Capital Advisors LLC Has $9.33 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Resonant Capital Advisors LLC raised its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 4.1% in the third quarter, HoldingsChannel reports. The fund owned 29,540 shares of the software giant’s stock after purchasing an additional 1,156 shares during the quarter. Microsoft makes up approximately 1.0% of Resonant Capital Advisors LLC’s holdings, making the stock its 26th largest holding. Resonant Capital Advisors LLC’s holdings in Microsoft were worth $9,327,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MSFT. Monumental Financial Group Inc. purchased a new position in Microsoft in the first quarter worth $28,000. Atlantic Private Wealth LLC boosted its position in Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after purchasing an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC bought a new stake in shares of Microsoft in the third quarter valued at $69,000. Iron Horse Wealth Management LLC raised its stake in shares of Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after buying an additional 105 shares during the period. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft in the fourth quarter valued at $83,000. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Microsoft Stock Down 1.3 %

MSFT stock opened at $415.26 on Tuesday. Microsoft Co. has a twelve month low of $245.61 and a twelve month high of $420.82. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.09 trillion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. The business has a 50 day moving average of $386.31 and a 200 day moving average of $354.90.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. During the same quarter last year, the company earned $2.32 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 11.6 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the sale, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the sale, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The disclosure for this sale can be found here. Insiders sold a total of 72,984 shares of company stock valued at $28,978,803 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MSFT. Loop Capital began coverage on Microsoft in a research note on Tuesday, October 17th. They issued a “buy” rating and a $425.00 target price on the stock. The Goldman Sachs Group boosted their target price on Microsoft from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. HSBC upgraded Microsoft from a “hold” rating to a “buy” rating and boosted their price objective for the company from $347.00 to $413.00 in a research note on Thursday, October 26th. BMO Capital Markets boosted their price objective on Microsoft from $420.00 to $455.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Barclays boosted their price objective on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $411.06.

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Microsoft Company Profile

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Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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